It’s Billionaires at the Gate as Ultra-Rich Muscle In on Private Equity
In an era of hyper-affluence, JPMorgan and Credit Suisse cater to a super-exclusive class.
America’s last Gilded Age had its “List of 400”: the people said to be worthy enough, or at least rich enough, to climb the pinnacles of high society.
Today, in an age of affluence not even the Astors and Vanderbilts might have imagined, there is something closer to a List of 55.
Its members are so rich that, in rarefied corners of Wall Street, they seem less like actual people than vast investment empires. Their ranks include familiar names like Bezos and Dell, as well as a growing number of lesser lights whose dynastic wealth is reshaping global business, if not capitalism itself.
This unofficial list represents the first, rough cut of the most sought-after banking clients at JPMorgan Chase & Co., and it is by no means complete. To the contrary: The List of 55 is only the beginning.
Around the globe, bankers are vying for the world’s hyper-wealthy as never before. And they are holding out investments that are tantalizingly off-limits to the rest of us, behind a velvet rope of bespoke investment banking.
This is how the super-rich keep getting super-richer. Anyone can buy stocks. Only a privileged few can bankroll multimillion-dollar ventures or buy entire companies. Private equity—that lucrative and, at times, controversial force of modern finance—has become a playground of the new aristocracy.
It was bound to happen. Like so many things, investing is becoming increasingly stratified. Private bankers now say that entry-class “rich” starts at about $25 million. But you need more than that—typically at least 40 times more, or about $1 billion—if you want a ticket into serious deal-making.
Yet, on another level, the rich-ification of private equity harks back to another time. This era of extreme wealth and extreme inequality is minting private dynasties that rival public corporations. On Wall Street, many executives expect the billionaire-whisperers, like merchant bankers of old, to accrue even more financial power.
Some of the people who tend these family fortunes say privately that bankers can seem irrelevant. They say their success doesn’t hinge on the banks.
The worn-out trope—this is a new Gilded Age—may not be far off. Not since the days of John D. Rockefeller has so much been owned by so few.
“This is a new world that’s been around, basically, forever,” said David Dwek, head of private sponsors at Morgan Stanley. “They are an important part of the deal ecosystem.”
Wealthy families have always been choice clients for bankers. Today, major banks woo billionaires and their family offices much the way they do multinational corporations or deep-pocketed institutional investors. Services range from advising on mergers and acquisitions to arranging financing for portfolio companies to providing counsel on expanding or selling family businesses.
Granted, investing is a risky business, even for billionaires. The recent implosion of Steinhoff International Holdings NV, for instance, cost the South African tycoon Christo Wiese, the company’s biggest shareholder, the equivalent of more than $3 billion in net worth, according to the Bloomberg Billionaires Index. Banks that lent Wiese money against his stock have lost roughly $1 billion.
Still, with so much money and influence at stake, bankers are pitching hard. Goldman Sachs Group Inc. has its own list of 60, counting among its clients the Reimann family’s JAB Holding Co. and the Koch brothers’ investment firm. JPMorgan, in addition to its initial 55, is watching several hundred families that are poised to enter this rarefied realm.
Credit Suisse Group AG, which has retreated from wealth management for less-well-heeled customers, reserves its ultimate white-glove treatment for about 200 moneyed individuals and clans. Deutsche Bank AG and UBS Group AG have separate units that bridge private wealth management and investment banking.
At Morgan Stanley, Dwek’s team targets “permanent capital,” or money from families, sovereign wealth funds, pension systems and listed investment companies. The operation began about eight years ago as part of an effort to pull wealthy families into Morgan Stanley’s orbit.
Over at JPMorgan, bankers in April arranged financing for an acquisition of Texas-based food company C.H. Guenther & Son by PPC Partners. The investment company is controlled by the Pritzker family, one of America’s richest clans.
Paul Carbone leads PPC with Tony Pritzker, and together they focus on North American companies valued between $100 million and $750 million. Carbone, formerly managing partner of the private-equity group at Robert W. Baird & Co., said PPC doesn’t rely on bank-led auctions to source most of its deals. Rather, banks tend to serve as intermediaries and pitch firms such as PPC to business owners looking to sell or expand. The banks’ goal, as he put it: “to put people together who have like interests, in a very old-world sort of way.”
Credit Suisse, which has also advised PPC, went as far as to organize an event in Detroit to nurture ties with Daniel Gilbert, the founder of Quicken Loans Inc., and other super-affluent types. (Gilbert, who co-hosted the event, is worth more than $7 billion, according to the Bloomberg Billionaires Index.) Representatives of 43 families worth a combined $75 billion attended the May 2017 event. The official topic was revitalizing Detroit. If Credit Suisse drummed up business, so much the better.
Credit Suisse was already financing mortgage originations for Quicken Loans. But the bank sees its relationship with Gilbert as valuable even beyond his company, said Charles Buckley, head of ultra-high net worth coverage for North America.
“We’re trying to reach people where they’re most passionate,” Buckley said. “Sometimes that’s in traditional investment-banking ways, but sometimes it’s not. Sometimes it’s helping them revitalize Detroit.”
Buckley now oversees a $3 billion portfolio of loans made chiefly against billionaires’ stakes in private companies, as well as a team of 20 bankers.
“It could be a block trade one day, and they may want to tap into public markets another,” said Shideh Theunissen, Buckley’s lieutenant.
It’s almost impossible to put a specific number on the money that’s at stake. The Pritzkers’ PPC Partners, Paul Allen’s Vulcan and Stone Canyon Industries, backed by Michael Milken, are among the more recognizable names. Many others fly under the radar. And not all billionaires are looking to acquire companies or take stakes in private ventures.
Still, activity has been heating up, particularly in middle-market transactions. The value of deals done by family offices jumped to $100.6 billion in 2016, from $25.1 billion five years earlier, according to PitchBook data.
Major banks must compete with an established cast of specialized boutiques. Byron Trott, known for his long-term links to Warren Buffett, caters to the world’s wealthy; his firm, BDT Capital Partners, has used its connections to raise billions for private-equity funds.
One of the grand old names in banking, Rothschild & Co., has also been expanding lately, with an eye toward the ultra-rich. It helped the Koch brothers finance Meredith Corp.’s takeover of Time Inc. last year. Another boutique, Moelis & Co., has won the favor of hedge fund manager-turned-Sears Chief Executive Officer Edward Lampert, as well as casino mogul Steve Wynn. Aryeh Bourkoff’s LionTree Advisors works closely with the tycoon John Malone.
Major banks want to bring good deals to family offices, partly to avoid losing business to the boutiques and middle-market investment banks, said Bill Woodson, who leads Citi Private Bank’s family-office group in North America. Woodson’s unit, with four private bankers and two investment bankers, shepherds large family offices looking to make deals from one area of the bank to another.
Bigger banks still are trying to adjust to the new realities. Over the years, even as rich lists exploded, many large global banks became so fragmented that billionaires simply outgrew them and hired their own investment professionals. In the past, many bankers were so focused on corporate clients and other big institutional investors that they largely ignored individual fortunes. Investment bankers might even drop a billionaire’s family office as a client, figuring that pitching deals to it wasn’t worth the hassle.
No more. “From our perspective, they’re No. 1 or No. 2 on a call list,” said Todd Stevens, head of the key client partners business at Deutsche Bank.
d
ISX Update:
WOTS Monday 6/11/18:
Forex Rates:
Symbol | Bid | Ask | High | Low | Open | Change | Time |
---|---|---|---|---|---|---|---|
USD/IQD | | | 1,162.9000 | 1,162.9000 | 1,162.9000 | | 20:00 |
USD/VND | | | 22,780.5000 | 22,362.0000 | 22,362.0000 | | 05:14 |
USD/CNY | | | 6.4078 | 6.3915 | 6.3967 | | 06:02 |
USD/KWD | | | 0.3016 | 0.3008 | 0.3016 | | 05:59 |
GBP/USD | | | 1.3439 | 1.3361 | 1.3410 | | 06:02 |
USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
USD/IDR | | | 13,974.2000 | 13,865.0000 | 13,867.0000 | | 05:54 |
CNBC Link:
CNBC Morning Squawk Link:
No link yet
DC NY Iraq Articles:dd
The provincial parliament meets tomorrow to set a date for the abolition of compulsory savings in salaries of employees
12:55 11/06/2018
Baghdad / Al-Ghad Press:
The Kurdistan Regional Parliament (KRG) will meet tomorrow to discuss the reforms law, the deputy speaker of Kurdistan's parliament said on Monday.
"The parliament of the Kurdistan region will meet tomorrow to discuss the reform law after both the legal and financial committees submitted their reports to the parliament presidency yesterday," Amineki told a news conference attended by Al-Ghad Press.
"We are optimistic to pass the law by the parliament," noting that "the Kurdistan Regional Government has identified some proposals on the draft law."
"After the ratification of the law, the date of the next session of the parliament will be fixed in order to set a date for the abolition of compulsory savings in the salaries of employees," he said.
"The meeting also included the naming of a decision of the Board of Commissioners, as well as naming the media spokesman for the Electoral Commission for elections, and has been approached by the Kurdistan Regional Council to nominate three judges to run the offices of Erbil, Sulaymaniyah and Dohuk.
The Kurdistan Regional Parliament (KRG) will meet tomorrow to discuss the reforms law, the deputy speaker of Kurdistan's parliament said on Monday.
"The parliament of the Kurdistan region will meet tomorrow to discuss the reform law after both the legal and financial committees submitted their reports to the parliament presidency yesterday," Amineki told a news conference attended by Al-Ghad Press.
"We are optimistic to pass the law by the parliament," noting that "the Kurdistan Regional Government has identified some proposals on the draft law."
"After the ratification of the law, the date of the next session of the parliament will be fixed in order to set a date for the abolition of compulsory savings in the salaries of employees," he said.
Zain Islamic Bank of Iraq stresses the importance of rehabilitation of human resources
(Independent) .. The assistant director of the director of Zain Islamic Bank of Iraq Raghd Nabil Alusi the importance of the trend to adopt plans to achieve a variety of revenues through the products of Islamic banking adopted by Iraq and proved a great success in the world.
Al-Alousi said that the first phase of the work should focus on creating human resources with international efficiency, as it is an important focus in the overall financial activities, through the participation of specialized courses under the supervision of international financial expertise, stressing the interest in compliance sections and money laundering and risk.
The banking system in Iraq expanded significantly after 2003 and now consists of 70 private sector exclusively banks Qlidip and Islamic, which has become a bank.
Al-Alusi pointed to the importance of the actual trend in the multiplicity of banking products that are offered to customers to support all the joints of the productive and service market, which represent the trend to achieve benefits for the Iraqi economy and support development.
Al-Alousi said that the first phase of the work should focus on creating human resources with international efficiency, as it is an important focus in the overall financial activities, through the participation of specialized courses under the supervision of international financial expertise, stressing the interest in compliance sections and money laundering and risk.
The banking system in Iraq expanded significantly after 2003 and now consists of 70 private sector exclusively banks Qlidip and Islamic, which has become a bank.
Al-Alusi pointed to the importance of the actual trend in the multiplicity of banking products that are offered to customers to support all the joints of the productive and service market, which represent the trend to achieve benefits for the Iraqi economy and support development.
Iraq and USAID discuss implementation of financial performance improvement project
Direct: Iraqi officials discussed with officials of the USAID-funded Takamul Project, coordination mechanisms for local revenue and budgets between local governments and the federal government, and the implementation of the project to improve financial and administrative performance in six governorates.
"The project is aimed at launching a program to improve performance and achieve good governance in Iraq.
John Leicester said the project began in mid-last year and lasts for five years, including two years and three optional years. The project cost about $ 160 million.
He added that the project is implemented by the head office in Baghdad and regional offices in Basra and Erbil and includes the first phase of the provinces (Baghdad - Basra - Arbil - Babel - Anbar - Nineveh), indicating that the project aims to strengthen the capabilities of the Iraqi government to provide the best services to citizens Improving financial management.
As well as strengthening monitoring and accountability in the provision of services in order to maintain those services and respond to the needs of citizens and promote decentralization as a means to achieve the best services.
The project also aims to help Iraq meet the reform requirements of the International Monetary Fund and the World Bank's future loans. The project also promotes national efforts to reconstruct liberated areas and help local governments access the necessary resources to improve services in the provinces.
In a related context, Governor Wasit Mahmoud Mulla Talal, said that the province succeeded in achieving more financial revenues during the past year after it worked to take advantage of the transfer of powers and improve the level of municipal services provided to citizens, which contributed to increase the volume of revenues to reach 21 billion dinars during the year The past, an increase of 14 billion dinars for the year 2016, expected to rise 96 billion dinars during the current year.
The Supreme Judicial Council of Iraq appoints a new Chairman of the Commission of Commissioners of the Electoral Commission
11:54 11.06.2018 Copy the link
The Supreme Judicial Council in Iraq appointed a new Chairman of the Board of Commissioners in the Independent High Electoral Commission, pursuant to the decision of the Iraqi Council of Representatives.
A spokesman for the Supreme Judicial Council, Abdul Sattar Birqdar: "The Supreme Judicial Council, on Monday, a meeting of judges assigned to carry out the functions of the Board of Commissioners, during which the president and his deputy and the director of the electoral district," according to the site, "Alsumaria News . "
© Sputnik. Sarah Noreddine
The Supreme Judicial Council appointed on Sunday 9 judges assigned to carry out the functions of the administration of the Electoral Commission , whose work ends after the ratification of the final results of the parliamentary elections held on 12 May last , in response to the Iraqi parliament's decision issued last Wednesday. d
First Iraq-flagged oil tanker in 3 decades leaves port
''The Baghdad'' left Basra on Friday night headed for the United States
Iraq, June 11, 2018
An Iraq-flagged tanker carrying two million barrels of crude oil has set sail for the US, the first such trip in nearly three decades, the oil ministry said Saturday.
Iraq, which has been ravaged by a series of wars since the 1980s, is OPEC's second biggest producer with 153 billion barrels of proven crude reserves.
'The Baghdad left Basra on Friday night headed for the United States. It is the first time since 1991 that Iraq is running its own oil tankers,' oil ministry spokesman Assem Jihad said.
Basra, in southern Iraq, is an oil-rich province.
Since an American-led invasion of Iraq in 2003, the country has been blighted by long periods of chaos, culminating in a three-year battle against Daesh insurgents.
Infrastructure in Iraq, which depends on oil for 99 percent of revenues, was devastated but authorities have been looking to boost oil and gas output.
The country has leased four tankers and is expected to obtain three others at a later date.
In May, Iraq exported 3.49 million barrels of oil per day, according to the oil ministry.
gulfnewsdd
Allawi Calls for Repeated Election after Blaze at Ballot Warehouse
ERBIL — Iraq’s vice president and the president of Iraqi National Accord, Ayad Allawi called for repeated election after ballots from the recent parliamentary election burned at a warehouse in Baghdad on Sunday.
He said in a statement that the election process itself had received enough criticism for possible frauds that makes the votes invalid.
However, he did not mention the fire incident, but called for holding a parliamentary election within six month, until then, he suggested, the government should operate as the acting cabinet.
The Shi’ite official insists that any parliament and government formed based on the May 12 votes would be a legislative and executive body detached from the people of Iraq.
KRG Announces Eid al-Fitr Holidays
ERBIL — The Kurdistan Regional Government (KRG) has announced five days for the Eid al-Fitr holidays, starting from Thursday, 14th June 2018, a spokesperson said.
Government offices will resume operation on Tuesday, 19th June.
On the occasion of Ramadan Eid, we convey our warmest congratulations to the Muslims in Kurdistan and around the world. We wish this occasion will bring happiness and stability, together with unity to our people,” reads the statement.. d
Kauaihn Iraq Articles:dd
Wisdom: Burning the ballot boxes is intended to "mix the cards" and will not affect the process of manual counting and sorting
13:41
11/06/2018 Baghdad / Al-Ghad Press:
A member of the Political Bureau in the stream of wisdom Raad al-Haidari, on Monday, that the burning of ballot boxes is intended to "mix the cards," indicating that this will not affect the process of counting and sorting by hand.
Al-Haidari told Al-Ghad Press that "the accused accused of fraud are against the process of manual counting and sorting because they are the beneficiaries of the sabotage work that took place in the ballot boxes yesterday." He called on the competent authorities to "investigate and detect manipulation,
He added that "the wisdom with any measure to ensure the safety of the elections and votes and from the beginning we called for the gradual process of counting and sorting and that the procedure by 10% and not a complete return, and if the 10% only do so sound and if there is doubt we return to the total calculation," stressing that "we are not With a strong procedure for counting and sorting from the beginning. "
He pointed out that "the voter did not burn the ballots of the ballot yesterday, but the purpose of mixing the papers," stressing that "the problems got in the voices of the displaced and the voices of northern and western provinces will not affect the fire on the process of counting and sorting by hand."
"It is hard to take caution and perhaps whoever did the operation yesterday may do another job," he said. d
A member of the Political Bureau in the stream of wisdom Raad al-Haidari, on Monday, that the burning of ballot boxes is intended to "mix the cards," indicating that this will not affect the process of counting and sorting by hand.
Al-Haidari told Al-Ghad Press that "the accused accused of fraud are against the process of manual counting and sorting because they are the beneficiaries of the sabotage work that took place in the ballot boxes yesterday." He called on the competent authorities to "investigate and detect manipulation,
He added that "the wisdom with any measure to ensure the safety of the elections and votes and from the beginning we called for the gradual process of counting and sorting and that the procedure by 10% and not a complete return, and if the 10% only do so sound and if there is doubt we return to the total calculation," stressing that "we are not With a strong procedure for counting and sorting from the beginning. "
He pointed out that "the voter did not burn the ballots of the ballot yesterday, but the purpose of mixing the papers," stressing that "the problems got in the voices of the displaced and the voices of northern and western provinces will not affect the fire on the process of counting and sorting by hand."
"It is hard to take caution and perhaps whoever did the operation yesterday may do another job," he said. d
The United Nations is willing to assist the judges who will assume the functions of the Board of Commissioners
12:58 11/06/2018
Baghdad / Al-Ghad Press:
The UN representative in Iraq, Jan Kubic, said during a meeting with Supreme Judicial Council President Faik Zidane on Monday that the United Nations would help the judges who will serve as the board of commissioners.
A statement issued by the Media Center of the Supreme Judicial Council received a copy of the "Al-Ghad Press" that "the President of the Supreme Judicial Council Judge Faik Zidane received in his office the representative of the Secretary-General of the United Nations in Iraq Jan Kubic and discussed the procedures of the Supreme Judicial Council in the application of the Third Amendment Law to the Law of Council Elections Deputies ".
"The representative of the UN Secretary-General in Iraq Jan Kubic offered to provide assistance to the judges who will assume the functions of the Board of Commissioners and the management of UNHCR offices in all provinces."
The UN representative in Iraq, Jan Kubic, said during a meeting with Supreme Judicial Council President Faik Zidane on Monday that the United Nations would help the judges who will serve as the board of commissioners.
A statement issued by the Media Center of the Supreme Judicial Council received a copy of the "Al-Ghad Press" that "the President of the Supreme Judicial Council Judge Faik Zidane received in his office the representative of the Secretary-General of the United Nations in Iraq Jan Kubic and discussed the procedures of the Supreme Judicial Council in the application of the Third Amendment Law to the Law of Council Elections Deputies ".
"The representative of the UN Secretary-General in Iraq Jan Kubic offered to provide assistance to the judges who will assume the functions of the Board of Commissioners and the management of UNHCR offices in all provinces."
Al-Jaafari receives the credentials of the Ambassador of the Republic of Fiji in Baghdad
13:29 11/06/2018
Baghdad / Al-Ghad Press:
Foreign Minister Ibrahim al-Jaafari on Monday received the credentials of the non-resident ambassador to the Republic of Fiji, Moses Tekutogia, in Baghdad.
"Foreign Minister Ibrahim al-Jaafari received today a copy of the credentials of Mosis Tekutogia, the non-resident ambassador of the Republic of Fiji in Baghdad," Jaafari's office said in a statement received by al-Ghad Press.
He added that "during the meeting, they discussed ways to improve the bilateral relations between the two countries to meet the aspirations of the two friendly peoples."
"The interest of Baghdad in exchanging visits between officials of the two countries in the context of strengthening relations and opening channels of bilateral cooperation," Jaafari said, praising "Fiji's position supporting Iraq at the United Nations."
"The Iraqi Foreign Ministry is ready to provide everything that will make the diplomatic mission in Baghdad succeed and contribute to the strengthening of bilateral relations between the two countries," he said.
"The world understands the importance of Iraq in the region and the international community," he said. d
Foreign Minister Ibrahim al-Jaafari on Monday received the credentials of the non-resident ambassador to the Republic of Fiji, Moses Tekutogia, in Baghdad.
"Foreign Minister Ibrahim al-Jaafari received today a copy of the credentials of Mosis Tekutogia, the non-resident ambassador of the Republic of Fiji in Baghdad," Jaafari's office said in a statement received by al-Ghad Press.
He added that "during the meeting, they discussed ways to improve the bilateral relations between the two countries to meet the aspirations of the two friendly peoples."
"The interest of Baghdad in exchanging visits between officials of the two countries in the context of strengthening relations and opening channels of bilateral cooperation," Jaafari said, praising "Fiji's position supporting Iraq at the United Nations."
"The Iraqi Foreign Ministry is ready to provide everything that will make the diplomatic mission in Baghdad succeed and contribute to the strengthening of bilateral relations between the two countries," he said.
"The world understands the importance of Iraq in the region and the international community," he said. d
Lavrov: We are concerned that Iraq and Syria are moving to Afghanistan
Media treasures / Baghdad ..
Foreign Minister Sergei Lavrov said on Monday that Russia would continue to work to push the Taliban into direct negotiations with the Afghan authorities in Kabul through dialogue, pointing out that the foreign ministers of the Collective Security Treaty Organization are concerned about the transfer of Iraq and Syria to Afghanistan.
"Russia has long advocated such a dialogue because the Taliban are part of Afghan society, of course, after putting aside the use of military means to defend their interests," Lavrov said in remarks published by RT .
Lavrov added that "the Taliban must be a direct partner in the political process," noting that "so far there is no confirmation by the Taliban on its willingness to enter into such a dialogue, but we will continue to work."
Lavrov said that the foreign ministers of the countries of the Collective Security Treaty Organization, are concerned about the deterioration of the situation in northern Afghanistan, where the organization is active advocates, "noting that" all ministers spoke about the need to control the situation in Afghanistan and make it stable. They expressed concern about the infiltration of elements calling to the territory of this country, including from Syria and Iraq " d
Water diplomacy between Turkey and Iraq
11/6/2018 12:00 am
Dr.. Saad Al Obeidi
The Tigris water crisis appeared quickly and unexpectedly, as if the community had been cleared of its stupidity to find itself in the throes of a thirst that would strike or blow it in the middle of the desert of Taha, but the tracker finds that it is neither new nor surprising, but years back before the fall of the regime. Dams on the Tigris and Euphrates rivers and continued to fill one after the other, and researchers in the area of water attributed the reason to the oldest time, the famous saying of the former Turkish dam specialist Salman Demirel (barrel of oil versus a barrel of water).
The water crisis in Iraq and beyond the technical aspects that are not valid in the area except specialists, is a complex problem thorny as the nature of the occurrence of a share, the global warming, which changed the amounts of rain and its areas have affected Iraq, which fell within the area where the rain, Relatively to include parts of Turkey according to the Tigris and Euphrates, especially in this year, which indicated the air conditions lack of rainfall in these parts confirmed by the Turks in more than once.
The Turks themselves have a share in the crisis, since the dams they built in the past 20 years have damaged Iraq. They have also failed to sign agreements according to the international laws and treaties on water sharing on the basis of their interpretation that the Tigris and Euphrates are local rivers, Iraq is part of the legacy of the Ottoman Empire has hurt a lot in Iraq.
Iraq is also affected by the crisis, because the calculation to avoid damage was not at the required level, and agriculture in all its regions is old, consuming a lot of water, and its fire is exposed to leakage and evaporation in a way that has not been calculated. Damages delayed completion until the present time for political considerations such as the dam in the province of Bukhma, as well as the process of distribution of water between the peasants and the provinces full of errors and transgression and non-compliance, especially after the fall of the system on the day of farmers felt the absence of restrictions and rushed to the behavior of abuse and exploitation as if one of them ready His neighbor is dying to thirst for his implant.
Turkey is a strong state for its politicians, a sense of greatness. They even put the file of this crisis in the hands of President Erdogan, a proof of the desire to invest in their favor a paper to deal with Iraq. Therefore, Iraq needs political teams. To negotiate with the Turks strong, full of information and experience, and need to be aware of the supreme authority in its executive system, the government dimensions of the crisis and find papers to deal with the Turks are effective and influence them to abide by international agreements and the launch of Iraq's share. d
The Tigris water crisis appeared quickly and unexpectedly, as if the community had been cleared of its stupidity to find itself in the throes of a thirst that would strike or blow it in the middle of the desert of Taha, but the tracker finds that it is neither new nor surprising, but years back before the fall of the regime. Dams on the Tigris and Euphrates rivers and continued to fill one after the other, and researchers in the area of water attributed the reason to the oldest time, the famous saying of the former Turkish dam specialist Salman Demirel (barrel of oil versus a barrel of water).
The water crisis in Iraq and beyond the technical aspects that are not valid in the area except specialists, is a complex problem thorny as the nature of the occurrence of a share, the global warming, which changed the amounts of rain and its areas have affected Iraq, which fell within the area where the rain, Relatively to include parts of Turkey according to the Tigris and Euphrates, especially in this year, which indicated the air conditions lack of rainfall in these parts confirmed by the Turks in more than once.
The Turks themselves have a share in the crisis, since the dams they built in the past 20 years have damaged Iraq. They have also failed to sign agreements according to the international laws and treaties on water sharing on the basis of their interpretation that the Tigris and Euphrates are local rivers, Iraq is part of the legacy of the Ottoman Empire has hurt a lot in Iraq.
Iraq is also affected by the crisis, because the calculation to avoid damage was not at the required level, and agriculture in all its regions is old, consuming a lot of water, and its fire is exposed to leakage and evaporation in a way that has not been calculated. Damages delayed completion until the present time for political considerations such as the dam in the province of Bukhma, as well as the process of distribution of water between the peasants and the provinces full of errors and transgression and non-compliance, especially after the fall of the system on the day of farmers felt the absence of restrictions and rushed to the behavior of abuse and exploitation as if one of them ready His neighbor is dying to thirst for his implant.
Turkey is a strong state for its politicians, a sense of greatness. They even put the file of this crisis in the hands of President Erdogan, a proof of the desire to invest in their favor a paper to deal with Iraq. Therefore, Iraq needs political teams. To negotiate with the Turks strong, full of information and experience, and need to be aware of the supreme authority in its executive system, the government dimensions of the crisis and find papers to deal with the Turks are effective and influence them to abide by international agreements and the launch of Iraq's share. d
Distribution of the first batch of apartments in Iraq Gate complex in early 2019
11/6/2018 12:00 am Baghdad / Wafa Amer
Baghdad Investment Commission will distribute during the first quarter of next year 2019 the first phase of the apartments of the complex of the Gate of Iraq, at a time when the province of Baghdad, the need to build hotels on the banks of the Tigris River.
The Chairman of the Commission, Eng. Shaker Zamili, told Al-Sabah that the project of Iraq's residential gate, which is implemented on the land of Muthanna airport, is one of the most promising projects in the residential sector. It consists of 49 buildings comprising 3,000 housing units on an area of 120 dunums, 90 thousand meters as well as a health club, playgrounds, commercial street and integrated services.
He added that the Authority has set the first quarter of next year 2019 as the official date for the delivery of 246 apartments within the first phase of the project, expressing his hope to complete the project as soon as possible and distribution of apartments in successive installments, because the company's implementation continues to work continuously without any delay. In the same context, Zamili pointed out that the project of the People's Housing complex will also provide 504 housing units, stressing that the executing company has achieved advanced completion rates, pointing out that the project was divided into two phases, including the first 8 buildings with 266 apartments, As well as the recent internal and external works of the buildings. Zamili said that the second phase includes the construction of 6 buildings containing 238 housing units, noting that work is continuing to end the work of building the pillars of a number of buildings mentioned. At the same time, the company started special works to build a restaurant 250 square meters within the entertainment area of the project site, Along with the establishment of a commercial mall. "The capital needs to build huge hotels along the Tigris River instead of directing 90 percent of the investment to build modern malls," said Jassem Mohan Bakhati, the Baghdad province's technical deputy.
He explained that Abu Nwas Street is one of the most prominent sites for the establishment of these hotels because it is characterized by its beauty and view on the Tigris River and a lot of unused space, as well as that there are important areas in Baghdad, especially those that start from the airfield extension to Bab al-Mu'adham, To modernize and transform them into modern tourist and recreational areas while preserving their heritage form rather than what they are now.
Baghdad Investment Commission will distribute during the first quarter of next year 2019 the first phase of the apartments of the complex of the Gate of Iraq, at a time when the province of Baghdad, the need to build hotels on the banks of the Tigris River.
The Chairman of the Commission, Eng. Shaker Zamili, told Al-Sabah that the project of Iraq's residential gate, which is implemented on the land of Muthanna airport, is one of the most promising projects in the residential sector. It consists of 49 buildings comprising 3,000 housing units on an area of 120 dunums, 90 thousand meters as well as a health club, playgrounds, commercial street and integrated services.
He added that the Authority has set the first quarter of next year 2019 as the official date for the delivery of 246 apartments within the first phase of the project, expressing his hope to complete the project as soon as possible and distribution of apartments in successive installments, because the company's implementation continues to work continuously without any delay. In the same context, Zamili pointed out that the project of the People's Housing complex will also provide 504 housing units, stressing that the executing company has achieved advanced completion rates, pointing out that the project was divided into two phases, including the first 8 buildings with 266 apartments, As well as the recent internal and external works of the buildings. Zamili said that the second phase includes the construction of 6 buildings containing 238 housing units, noting that work is continuing to end the work of building the pillars of a number of buildings mentioned. At the same time, the company started special works to build a restaurant 250 square meters within the entertainment area of the project site, Along with the establishment of a commercial mall. "The capital needs to build huge hotels along the Tigris River instead of directing 90 percent of the investment to build modern malls," said Jassem Mohan Bakhati, the Baghdad province's technical deputy.
He explained that Abu Nwas Street is one of the most prominent sites for the establishment of these hotels because it is characterized by its beauty and view on the Tigris River and a lot of unused space, as well as that there are important areas in Baghdad, especially those that start from the airfield extension to Bab al-Mu'adham, To modernize and transform them into modern tourist and recreational areas while preserving their heritage form rather than what they are now.
d
Kauaihn Economic Times:
ECONOMIC TIMES / CHATTER
FOR TWITTER ACCT
Just send a text message from your cell phone to:
40404 (may have to add 40404 as a contact first) Then send a message that says: Follow @FactsnOpinion1 and you will join their twitter feed and instantly get the doc. You do NOT have to join twitter to get tweets
ONLY SPACE IS AFTER FOLLOW
who are on their computers to go to:
to get to our twitter feed
When, How Did the First Americans Arrive? It’s Complicated.
National Geographic
The first Americans weren't one group of people; they arrived at different times, and likely by different methods. Read the full story
If you've got $1,000 you're looking to spend, consider these smart financial decisions. Read the full story
And how it might change what cops can do with our smartphones. Read the full story
Gold / Silver / Copper Prices - Weekly Outlook: June 11 - 15
Investing.com
© Reuters. Metals traders looking to Federal Reserve meeting Read the full story
© Reuters. Oil prices suffer third weekly drop in a row Read the full story
Switching Your Savings Account Could Yield You 145 Times as Much InterestThe Motley Fool
You could be missing out on hundreds of dollars in interest if you're saving at the wrong bank. Read the full story
Digital disruption is affecting every aspect of the fintech industry. Over the past five years, fintech has established itself as a fundamental part of the global financial services ecosystem. Fintech startups have raised, and continue to raise, billions of dollars annually, pushing incumbent financial institutions to get in on the action. Legacy players have begun using fintech to remain competitive in a rapidly evolving financial services landscape. So what's next? Read the full story
FRANKFURT - Tightening policy by a notch just one day apart, the world’s top two central banks will hope to signal confidence in global economic growth, despite risks of a trade war, currency swings and political turbulence. The U.S. Read the full story
Do Closed-End Fund Discounts Signal Opportunity To Investors?
Forbes Magazine
Even in today's market, closed-end funds can offer tempting discounts to the assets they hold of 10% or more. Does it make sense to take the plunge and invest? Read the full story
Bonds can lose money, and having too much money in bonds can be a mistake. Owning bond funds isn't exactly the same as owning bonds. Read the full story
© Reuters. Top 5 things to watch this week in financial markets Read the full story
Are you invested in the stock market right now? If not what are your reasons for staying out? Will your current positions impact your year-end results and what could you be doing differently? Read the full story
Ben Bernanke, the former Federal Reserve chairman. Ben Bernanke, the former Federal Reserve chairman, said Thursday that the Trump administration's tax cuts would initially boost the economy but reach the edge of the cliff in 2020. "In 2020, Wile E. Coyote is going to go off the cliff, and he's going to look down, and that [stimulus] will essentially be withdrawn at that point," Bernanke said, referring to the "Looney Tunes" character. Bernanke, a distinguished fellow in residence at the Read the full story
Ethereum Software Parity to Update After Critical Bug Detected
CoinDesk
A critical bug was found in Parity's software within a testing environment and users are hurrying to update so it doesn't affect the mainnet. Read the full story
Traders are keen to take advantage of the crypto arbitrage trade. Cryptocurrencies can have price differences of up to 5% across different exchanges, making them ripe for arbitrage. US startup Arbitraj has developed price comparison tools and is working on a trading tool to take advantage of the spreads. Cofounder Jason Flack says hedge funds have approached him about using the tools. A small US startup is working on a set of tools to take advantage of the arbitrage opportunity offered between Read the full story
As Bitcoin prices dip to $7,500, German stock market exchange Deutsche Boerse is considering offering Bitcoin futures. Bitcoin extended losses for a third day, tumbling as much as 6 percent Sunday as South Korean cryptocurrency exchange Coinrail said there was a “cyber intrusion” in its system. The largest cryptocurrency declined 5.1 percent to $7,242 as of 5:28pm Hong Kong time, the biggest drop since May 23, according to data compiled by Bloomberg from Bitstamp pricing. That widens Bitcoin’s Read the full story
Dollar rally isn't broken, but BofA says more pain could be lurkingCNBC
Bank of America Merrill Lynch's Paul Ciana says the dollar rally isn't broken, it's just pausing for a near-term correction. Read the full story
The pound’s future is looking brighter this year despite Brexit uncertaintyCNBC
The current outlook reflects relief that domestic political uncertainty hasn't deteriorated further, analysts said. Read the full story
© Reuters. Federal Reserve, ECB meetings to dominate economic calendar Read the full story
Scientists identify foods that fight disease
Science Magazine
(Nutrition 2018) Nutrition 2018 will feature the latest research into how adding certain foods to our diet might help lower risk for diabetes, cancer, neurodegenerative diseases and other health issues. Read the full story
"Normal" just got narrower. Read the full story
Congress has taken a big and important step for kids battling cancer, but more must be done. Read the full story
One Georgia mother is warning others after her son contracted a rare disease after he was bitten by a tick. Read the full story
June 9, 2018 - Atlanta, GA - Researchers from the Emory Antibiotic Resistance Center describe the first strain of carbapenem-resistant, hypermucoviscous Klebsiella pneumoniae exhibiting colistin heteroresistance and enhanced virulence isolated from a.. Read the full story
Barcelona June 9, 2018 - A first look at the new European Guidelines for the treatment of high blood pressure was presented at the European Society of Hypertension meeting in Barcelona on June 9th 2018. These long-awaited guidelines have been jointly.. Read the full story
For the first time ever, researchers used a drug to block a protein related to dementia in living creatures. Read the full story
This University if paying you to get sick and stay in a place with comfy chairs. Here are the important reasons why. Read the full story
Trump arrives in Singapore for historic summit with North Korean leader Kim Jong UnABC News
Two of the world's most impulsive and unpredictable leaders will meet Tuesday. Read the full story
Trump's carrot-and-stick rhetoric on North Korea matched his message for the G-7 on trade. Read the full story
President Trump said he has instructed U.S. officials not to endorse a joint statement with other world leaders documenting the meeting and agreements. The remarks, following a two-day meeting in Canada with the world’s largest industrialized economies, seemingly worsened diplomacy with U.S. allies Read the full story
As of June 4, 2018, the total outstanding debt owed by the federal government was $21,090,788,185,039.90, or $21.1 trillion. “It is mostly an abstract concept, unlike, say, a personal student loan or auto loan or mortgage, where you have a personal obligation to repay the debt,” said White. For an individual, the national debt has none of those particular characteristics. Read the full story
Guatemala's Volcano of Fire emits another hot sediment flowABC News
Its initial eruption left at least 110 people dead and about 200 missing. Read the full story
Polio reported in Venezuela decades after it was thought to be eradicated Read the full story
Dubai to launch new smart commerce platform
Mubasher
Dubai – Mubasher: Dubai Airport Freezone Authority (DAFZA) has unveiled the development of Dubai Blink, which is considered the world’s first B2B smart commerce platform. The new platform will use artificial intelligence (AI), blockchain … Read the full story
Iraq's Supreme Judicial Council, the highest judicial authority, named judges on Sunday tasked with taking over the country's elections commission following allegations of widespread violations in a May parliamentary election. Read the full story
The president has abandoned what he says was a fatally flawed nuclear deal with Iran, but former U.S. officials contend he’ll be lucky to get a similar agreement with North Korea. Read the full story
The government of Jordan announced on Thursday that it would withdraw a divisive tax bill after nationwide protests over the rising cost of living rocked the country, leading to the resignation of the prime minister and his cabinet. An IMF-backed plan to raise both income and business taxes is what triggered the protests. And although that's now been scrapped, those measures are just the latest in a string of reforms. Earlier this year, bread subsidies were cut and costs have escalated for small Read the full story
Tanzania's Tough Mining Laws Paying OffAllAfrica
Tanzania has realised a 1.3 per cent GDP growth from its mining sector, attributed to new stringent laws and regulations. Mining now contributes around 4.8 per cent to the GDP, up from 3.5 per cent realised over the years. Minerals Minister Angellah Kairuki on Thursday attributed the new growth to the government's efforts to strengthen inspection and management of the sector and effectively restricting illegal trade in minerals. "We aim for a larger piece of pie, at least 10 per cent of its Read the full story
Environmentalist shave commended the move for Africa to hold the inaugural Africa Green Growth meeting saying that it will go a long way in addressing not only climate change but set the continent on unprecedented path to sustainable growth. From November 26-30, 2018, Rwanda will host the first Africa Green Growth Forum. The maiden continental green growth meeting, according to experts, will be an ultimate moment to ensure that the continent will collectively join efforts in addressing climate Read the full story
East African countries are struggling to comply with key macroeconomic targets on fiscal deficit, inflation, public debt and foreign exchange reserves ahead of the operationalisation of a single currency regime by 2024. The mixed performance of regional economies on these targets is likely to delay the delivery of the benefits of a monetary union to regional traders and citizens such as reduced costs of cross-border transactions. A study by the United Nations Economic Commission for Africa ( Read the full story
(Photo: Emmerson Mnangagwa/Facebook) Harare President Emmerson Mnangagwa has admitted his Zanu PF party's primary elections were rigged. In rare frank talk by a Zanu PF leader, Mnangagwa told his party's central committee meeting in the capital Friday that he wanted to chart a new course henceforth. "With regards to the recently held primary elections and our internal democratic process we were exposed to gross shortcomings within our party systems, cadre orientation and grounding. "The primary Read the full story
The Kwanza has already lost 34.1 percent against the Euro, after the 25 million euro auction on Wednesday by the National Bank of Angola (BNA) to replace the commercial banks' exchange position. Read the full story
South African police raid Bank of Baroda in corruption investigation Read the full story
China's Xi calls out 'selfish, short-sighted' trade policiesReuters
Chinese President Xi Jinping, whose country is locked in a high-stakes trade dispute with the United States, on Sunday said China rejects "selfish, shortsighted" trade policies, and called for building an open global economy. Read the full story
Trump’s claims that the US is uniquely open and liberal are as untrue as his claims of victimhood Read the full story
Dandong city, the traditional gateway to North Korea, recently saw property prices jump 30 per cent in a matter of days as buyers from across China flooded in Read the full story
India's PM Modi shakes hands with Chinese President Xi during the 18th SCO Summit in Qingdao Thomson Reuters NEW DELHI (Reuters) - China and India on Saturday settled a dispute over the flood-prone Brahmaputra river that flows from Tibet to Bangladesh in a sign of growing cooperation between them. Indian Prime Minister Narendra Modi and Chinese President Xi Jinping signed the agreement as they began the two-day Shanghai Cooperation Organisation (SCO) summit. "Our talks will add further vigour to Read the full story
EUROPE
Italy's economy minister says the new populist government's not discussing any proposal to leave euro-zone Read the full story
With only months to go until Britain leaves the European Union, Prime Minister Theresa May faces a showdown with critics in parliament on Tuesday. Read the full story
British Prime Minister Theresa May said on Saturday she hoped lawmakers would recognize the importance of passing legislation next week which will end Britain's membership of the European Union. Read the full story
Maybe President Trump’s jet-setting weekend has made Russia’s leader feel left out. Russian President Vladimir Putin made a personal appeal for a meeting with Trump on Saturday. A lot of Trump’s actions deserve criticism, Putin said on Russian state TV. “But there’s one circumstance that I’ve mentioned previously: Trump keeps the promises that he made in his campaign.” He continued, “One of those promises was to improve Russian-American relations. I hope that this also takes place. At any rate, Read the full story
Britain's Prime Minister Theresa May addresses the final news conference of the G7 summit in the Charlevoix city of La Malbaie Thomson Reuters LA MALBAIE, Canada (Reuters) - British Prime Minister Theresa May said on Saturday she hoped lawmakers would recognize the importance of passing legislation next week which will end Britain's membership of the European Union. "I would hope that everybody across the House of Commons will see the importance of ensuring that that bill is not frustrated," she Read the full story
GLOBAL/NEWS/INFO
When, How Did the First Americans Arrive? It’s Complicated.
National Geographic
The first Americans weren't one group of people; they arrived at different times, and likely by different methods. Read the full story
10 smart things you can do with $1,000 right now
USA TODAYIf you've got $1,000 you're looking to spend, consider these smart financial decisions. Read the full story
How a Hacker Proved Cops Used a Secret Government Phone Tracker to Find Him
POLITICOAnd how it might change what cops can do with our smartphones. Read the full story
OIL/COMMODITIES/ENERGY
Gold / Silver / Copper Prices - Weekly Outlook: June 11 - 15
Investing.com
© Reuters. Metals traders looking to Federal Reserve meeting Read the full story
Crude Oil Prices - Weekly Outlook: June 11 - 15
Investing.com© Reuters. Oil prices suffer third weekly drop in a row Read the full story
BANKS/BANKING/CREDIT
Switching Your Savings Account Could Yield You 145 Times as Much InterestThe Motley Fool
You could be missing out on hundreds of dollars in interest if you're saving at the wrong bank. Read the full story
Here's how fintech is taking over the world — and what's coming next
Business InsiderDigital disruption is affecting every aspect of the fintech industry. Over the past five years, fintech has established itself as a fundamental part of the global financial services ecosystem. Fintech startups have raised, and continue to raise, billions of dollars annually, pushing incumbent financial institutions to get in on the action. Legacy players have begun using fintech to remain competitive in a rapidly evolving financial services landscape. So what's next? Read the full story
Global Economy: Fed, ECB To Tighten Policy In Tandem
International Business TimesFRANKFURT - Tightening policy by a notch just one day apart, the world’s top two central banks will hope to signal confidence in global economic growth, despite risks of a trade war, currency swings and political turbulence. The U.S. Read the full story
TREASURIES/BONDS/STOCKS
Do Closed-End Fund Discounts Signal Opportunity To Investors?
Forbes Magazine
Even in today's market, closed-end funds can offer tempting discounts to the assets they hold of 10% or more. Does it make sense to take the plunge and invest? Read the full story
3 Facts About Bonds Every Retiree Should Know
The Motley FoolBonds can lose money, and having too much money in bonds can be a mistake. Owning bond funds isn't exactly the same as owning bonds. Read the full story
Economic Calendar - Top 5 Things To Watch This Week
Investing.com© Reuters. Top 5 things to watch this week in financial markets Read the full story
The Week Ahead: Another Strong Case For Technical Over Fundamental Analysis
Forbes MagazineAre you invested in the stock market right now? If not what are your reasons for staying out? Will your current positions impact your year-end results and what could you be doing differently? Read the full story
BERNANKE: Trump's tax cuts are like 'Wile E. Coyote' and the economy's boost will fall off the cliff in 2020
Business InsiderBen Bernanke, the former Federal Reserve chairman. Ben Bernanke, the former Federal Reserve chairman, said Thursday that the Trump administration's tax cuts would initially boost the economy but reach the edge of the cliff in 2020. "In 2020, Wile E. Coyote is going to go off the cliff, and he's going to look down, and that [stimulus] will essentially be withdrawn at that point," Bernanke said, referring to the "Looney Tunes" character. Bernanke, a distinguished fellow in residence at the Read the full story
CRYPTO'S / DIGITAL CURRENCY
Ethereum Software Parity to Update After Critical Bug Detected
CoinDesk
A critical bug was found in Parity's software within a testing environment and users are hurrying to update so it doesn't affect the mainnet. Read the full story
A small startup is developing a tool to make money from 'insane' cryptocurrency spreads — and hedge funds are interested
Business InsiderTraders are keen to take advantage of the crypto arbitrage trade. Cryptocurrencies can have price differences of up to 5% across different exchanges, making them ripe for arbitrage. US startup Arbitraj has developed price comparison tools and is working on a trading tool to take advantage of the spreads. Cofounder Jason Flack says hedge funds have approached him about using the tools. A small US startup is working on a set of tools to take advantage of the arbitrage opportunity offered between Read the full story
Bitcoin Tumbles Most in 2 Weeks Amid South Korea Exchange Hack
FORTUNEAs Bitcoin prices dip to $7,500, German stock market exchange Deutsche Boerse is considering offering Bitcoin futures. Bitcoin extended losses for a third day, tumbling as much as 6 percent Sunday as South Korean cryptocurrency exchange Coinrail said there was a “cyber intrusion” in its system. The largest cryptocurrency declined 5.1 percent to $7,242 as of 5:28pm Hong Kong time, the biggest drop since May 23, according to data compiled by Bloomberg from Bitstamp pricing. That widens Bitcoin’s Read the full story
CURRENCIES
Dollar rally isn't broken, but BofA says more pain could be lurkingCNBC
Bank of America Merrill Lynch's Paul Ciana says the dollar rally isn't broken, it's just pausing for a near-term correction. Read the full story
The current outlook reflects relief that domestic political uncertainty hasn't deteriorated further, analysts said. Read the full story
Forex - Weekly Outlook: June 11 - 15
Investing.com© Reuters. Federal Reserve, ECB meetings to dominate economic calendar Read the full story
INSURANCE / HEALTH
Scientists identify foods that fight disease
Science Magazine
(Nutrition 2018) Nutrition 2018 will feature the latest research into how adding certain foods to our diet might help lower risk for diabetes, cancer, neurodegenerative diseases and other health issues. Read the full story
How the New Blood Pressure Guidelines Could Affect You
Brit + Co"Normal" just got narrower. Read the full story
The fight continues for kids with cancer
The HillCongress has taken a big and important step for kids battling cancer, but more must be done. Read the full story
Georgia mom warns others after son, 5, contracts rare disease from tick bite
Fox NewsOne Georgia mother is warning others after her son contracted a rare disease after he was bitten by a tick. Read the full story
Antibiotic-resistant bacteria found in the US presents a triple threat
Science MagazineJune 9, 2018 - Atlanta, GA - Researchers from the Emory Antibiotic Resistance Center describe the first strain of carbapenem-resistant, hypermucoviscous Klebsiella pneumoniae exhibiting colistin heteroresistance and enhanced virulence isolated from a.. Read the full story
First look at the new 2018 European guidelines for the treatment of high blood pressure
Science MagazineBarcelona June 9, 2018 - A first look at the new European Guidelines for the treatment of high blood pressure was presented at the European Society of Hypertension meeting in Barcelona on June 9th 2018. These long-awaited guidelines have been jointly.. Read the full story
Dementia Symptoms Have Been Reversed in Mice
Interesting EngineeringFor the first time ever, researchers used a drug to block a protein related to dementia in living creatures. Read the full story
Welcome To The 'Hotel Influenza': You Can Get $3500 With One Catch
Forbes MagazineThis University if paying you to get sick and stay in a place with comfy chairs. Here are the important reasons why. Read the full story
USA/CANADA
Trump arrives in Singapore for historic summit with North Korean leader Kim Jong UnABC News
Two of the world's most impulsive and unpredictable leaders will meet Tuesday. Read the full story
Trump says Kim has 'one shot' with Singapore summit to show he's serious
NBC NewsTrump's carrot-and-stick rhetoric on North Korea matched his message for the G-7 on trade. Read the full story
Trump says U.S. won't endorse G-7 joint statement with world leaders, accuses Trudeau of 'false statements'
USA TODAYPresident Trump said he has instructed U.S. officials not to endorse a joint statement with other world leaders documenting the meeting and agreements. The remarks, following a two-day meeting in Canada with the world’s largest industrialized economies, seemingly worsened diplomacy with U.S. allies Read the full story
What is the national debt?
Yahoo FinanceAs of June 4, 2018, the total outstanding debt owed by the federal government was $21,090,788,185,039.90, or $21.1 trillion. “It is mostly an abstract concept, unlike, say, a personal student loan or auto loan or mortgage, where you have a personal obligation to repay the debt,” said White. For an individual, the national debt has none of those particular characteristics. Read the full story
EMERGING MARKETS
Guatemala's Volcano of Fire emits another hot sediment flowABC News
Its initial eruption left at least 110 people dead and about 200 missing. Read the full story
Polio reported in Venezuela decades after it was thought to be eradicated
TRT WorldPolio reported in Venezuela decades after it was thought to be eradicated Read the full story
MIDDLE EAST
Dubai to launch new smart commerce platform
Mubasher
Dubai – Mubasher: Dubai Airport Freezone Authority (DAFZA) has unveiled the development of Dubai Blink, which is considered the world’s first B2B smart commerce platform. The new platform will use artificial intelligence (AI), blockchain … Read the full story
Iraq names judges to take over elections commission
ReutersIraq's Supreme Judicial Council, the highest judicial authority, named judges on Sunday tasked with taking over the country's elections commission following allegations of widespread violations in a May parliamentary election. Read the full story
Nixed Iran nuclear deal looms over Trump’s North Korea talks
POLITICOThe president has abandoned what he says was a fatally flawed nuclear deal with Iran, but former U.S. officials contend he’ll be lucky to get a similar agreement with North Korea. Read the full story
How can Jordan solve its economic crisis?
AljazeeraThe government of Jordan announced on Thursday that it would withdraw a divisive tax bill after nationwide protests over the rising cost of living rocked the country, leading to the resignation of the prime minister and his cabinet. An IMF-backed plan to raise both income and business taxes is what triggered the protests. And although that's now been scrapped, those measures are just the latest in a string of reforms. Earlier this year, bread subsidies were cut and costs have escalated for small Read the full story
AFRICA
Tanzania's Tough Mining Laws Paying OffAllAfrica
Tanzania has realised a 1.3 per cent GDP growth from its mining sector, attributed to new stringent laws and regulations. Mining now contributes around 4.8 per cent to the GDP, up from 3.5 per cent realised over the years. Minerals Minister Angellah Kairuki on Thursday attributed the new growth to the government's efforts to strengthen inspection and management of the sector and effectively restricting illegal trade in minerals. "We aim for a larger piece of pie, at least 10 per cent of its Read the full story
Africa: What Africa Green Grown Summit Means for Africa's Resilience
AllAfricaEnvironmentalist shave commended the move for Africa to hold the inaugural Africa Green Growth meeting saying that it will go a long way in addressing not only climate change but set the continent on unprecedented path to sustainable growth. From November 26-30, 2018, Rwanda will host the first Africa Green Growth Forum. The maiden continental green growth meeting, according to experts, will be an ultimate moment to ensure that the continent will collectively join efforts in addressing climate Read the full story
East Africa: Single Currency Regime At Stake As Countries Struggle to Meet Targets
AllAfricaEast African countries are struggling to comply with key macroeconomic targets on fiscal deficit, inflation, public debt and foreign exchange reserves ahead of the operationalisation of a single currency regime by 2024. The mixed performance of regional economies on these targets is likely to delay the delivery of the benefits of a monetary union to regional traders and citizens such as reduced costs of cross-border transactions. A study by the United Nations Economic Commission for Africa ( Read the full story
Zimbabwe: Mnangagwa Admits Internal Party Polls Rigged
AllAfrica(Photo: Emmerson Mnangagwa/Facebook) Harare President Emmerson Mnangagwa has admitted his Zanu PF party's primary elections were rigged. In rare frank talk by a Zanu PF leader, Mnangagwa told his party's central committee meeting in the capital Friday that he wanted to chart a new course henceforth. "With regards to the recently held primary elections and our internal democratic process we were exposed to gross shortcomings within our party systems, cadre orientation and grounding. "The primary Read the full story
Angola Kwanza accumulates 34.1% loss
FurtherAfricaThe Kwanza has already lost 34.1 percent against the Euro, after the 25 million euro auction on Wednesday by the National Bank of Angola (BNA) to replace the commercial banks' exchange position. Read the full story
South African police raid Bank of Baroda in corruption investigation
TRT WorldSouth African police raid Bank of Baroda in corruption investigation Read the full story
ASIA
China's Xi calls out 'selfish, short-sighted' trade policiesReuters
Chinese President Xi Jinping, whose country is locked in a high-stakes trade dispute with the United States, on Sunday said China rejects "selfish, shortsighted" trade policies, and called for building an open global economy. Read the full story
Don’t listen to Trump, the US has persistently and ferociously defended its trade interests
South China Morning PostTrump’s claims that the US is uniquely open and liberal are as untrue as his claims of victimhood Read the full story
The ultimate in speculation? Chinese snap up homes in city bordering North Korea in bet Kim Jong-un will open country up
South China Morning PostDandong city, the traditional gateway to North Korea, recently saw property prices jump 30 per cent in a matter of days as buyers from across China flooded in Read the full story
Hong Kong ETF market must build up ‘one-stop shop’ ahead of Connect launch, says bourse operator
South China Morning Post
More assets under management and product variety will increase liquidity, says head of exchange-traded products at HKEX Read the full story
Abe tries to keep Japan on Trump's radar ahead of Singapore summitReuters
In dozens of conversations, Japanese Prime Minister Shinzo Abe has counseled President Donald Trump to avoid making concessions to North Korea that could upset East Asia's balance of power, including a military retreat from South Korea that would leave Tokyo alone on the front lines against China's growing power. Read the full story
In dozens of conversations, Japanese Prime Minister Shinzo Abe has counseled President Donald Trump to avoid making concessions to North Korea that could upset East Asia's balance of power, including a military retreat from South Korea that would leave Tokyo alone on the front lines against China's growing power. Read the full story
India strikes river, rice deals with China as relations thaw
Business InsiderIndia's PM Modi shakes hands with Chinese President Xi during the 18th SCO Summit in Qingdao Thomson Reuters NEW DELHI (Reuters) - China and India on Saturday settled a dispute over the flood-prone Brahmaputra river that flows from Tibet to Bangladesh in a sign of growing cooperation between them. Indian Prime Minister Narendra Modi and Chinese President Xi Jinping signed the agreement as they began the two-day Shanghai Cooperation Organisation (SCO) summit. "Our talks will add further vigour to Read the full story
EUROPE
New Italian economy minister: no euro exit proposal on tap
ABC NewsItaly's economy minister says the new populist government's not discussing any proposal to leave euro-zone Read the full story
Brexit is even messier than critics expected. So what happens now?
NBC NewsWith only months to go until Britain leaves the European Union, Prime Minister Theresa May faces a showdown with critics in parliament on Tuesday. Read the full story
British PM May says hopes UK lawmakers will not block EU exit laws
ReutersBritish Prime Minister Theresa May said on Saturday she hoped lawmakers would recognize the importance of passing legislation next week which will end Britain's membership of the European Union. Read the full story
Kremlin says Trump-Putin meeting could be held in Vienna
New York PostMaybe President Trump’s jet-setting weekend has made Russia’s leader feel left out. Russian President Vladimir Putin made a personal appeal for a meeting with Trump on Saturday. A lot of Trump’s actions deserve criticism, Putin said on Russian state TV. “But there’s one circumstance that I’ve mentioned previously: Trump keeps the promises that he made in his campaign.” He continued, “One of those promises was to improve Russian-American relations. I hope that this also takes place. At any rate, Read the full story
British PM May says hopes UK lawmakers will not block EU exit laws
Business InsiderBritain's Prime Minister Theresa May addresses the final news conference of the G7 summit in the Charlevoix city of La Malbaie Thomson Reuters LA MALBAIE, Canada (Reuters) - British Prime Minister Theresa May said on Saturday she hoped lawmakers would recognize the importance of passing legislation next week which will end Britain's membership of the European Union. "I would hope that everybody across the House of Commons will see the importance of ensuring that that bill is not frustrated," she Read the full story
CBI, ISX, Kauaihn Chatter:
CBI Update:
http://www.cbi.iq/
The CBI for Monday 6/11/18 did update on the indicative rates Sell Rate 1184
The currency auction is 160,717,000
There is one news and announcements for Monday 6/11/18
1.Training Courses
The CBI for Monday 6/11/18 did update on the indicative rates Sell Rate 1184
Value Traded
1,022,498,868
Shares Traded
721,966,934
ISX ended in Green
Kauaihn Chatter:
6-10-2018 Newshound Guru Kaperoni Down to 4 days to meet compliance.
6-10-2018 Newshound Guru Whitelions I think if the fire in Iraq was set (and More Likely it was ) for them to hold a new vote will bring more people out than ever and Sadr will win by more than a land slide and the people that set it will have to live with the back fire .
6-10-2018 Intel/Newshound Guru tman23 Iraqi Parliament Speaker Salim al-Jabouri on Sunday claimed the fire that broke out at a warehouse in eastern Baghdad, where the electoral commission kept ballot boxes, was deliberate and called for a new parliamentary election... NEW ELECTION...LOL!!! What a mess...who could of possibly seen this coming?? Funny Jabouri was calling for a new election saying ballots were destroyed as firefighters were in the middle of still putting out the fire...
6-10-2018 Intel/Newshound Guru tman23 Iraqi Parliament Speaker Salim al-Jabouri on Sunday claimed the fire that broke out at a warehouse in eastern Baghdad, where the electoral commission kept ballot boxes, was deliberate and called for a new parliamentary election... NEW ELECTION...LOL!!! What a mess...who could of possibly seen this coming?? Funny Jabouri was calling for a new election saying ballots were destroyed as firefighters were in the middle of still putting out the fire...
6-10-2018 Newshound Guru Kaperoni Article: "Fire breaks out at Baghdad warehouse storing ballot boxes for Iraq's election recount" Quote: "A Baghdad warehouse being used to store ballot boxes for Iraq's contested parliamentary election caught fire on Sunday, ahead of a nationwide recount effort." Imagine that! a fire breaks out in the warehouse that storing ballot boxes that are going to be recounted sound familiar?
6-10-2018 Newshound Guru Kaperoni So if we're waiting for the formation of the government to occur before any kind of monetary reform can go forward, it looks like we might be waiting an extra month or so. I think we were all hoping for the formation of the government to occur by the end of June and to coincide with the cbi's three-month IMF requirement (June 15 or so) compliance but that looks like it might be pushed back until the end of July or August. If so we have to hope that the CBI can continue to maintain spread within 2% or less for that duration. In the meantime I am looking for some news that would indicate that the IMF has scheduled their Article IV Consultation with Iraq. I believe this will occur at the same or about the same time as the CBI's begins monetary reform. [post 2 of 2]
6-10-2018 Newshound Guru Kaperoni Some good news today if you call it that, it looks like the manual recount is only going to take about 10 days and not 3 months as originally predicted. Personally I don't know what the desire for manual recount is for. It's not going to change the outcome of who becomes prime-minister because that is based on political blocks unifying to form an alliance. At best, a political block may pick up a seat or two in parliament. But all this nonsense has been initiated by al-Maliki and his block and Salim Jubouri the parliament speaker who both lost pretty handily in the elections. What also appears to have happened is in the last day or so a large alliance has been formed consisting of a majority of parliamentary seats. This Alliance does not include al-Maliki or his state of law coalition. [post 1 of 2....stay tuned]
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
***************
ARTICLE 1-A (from PM Abadi's website; posted on both Arabic and English sides)
Statement
The Prime Minister, the Commander-in-Chief of the Armed Forces Dr. Haider Al-Abbadi, ordered all operations leaders in the provinces to tighten the security procedures of the UNHCR warehouses and increase the quotas allocated for their protection.
It also directed the specialists in the Directorate of Criminal Evidence and the Directorate of Civil Defense to detect the location of the incident and the investigation and prepare a detailed report of the incident and damage after being checked final.
We reaffirm that the security forces have a duty to protect the places of funds and storage centers from outside and have nothing to do with storing inside the buildings in order to preserve the independence of our heroic armed forces and not to interfere in the electoral process, providing security for voters and protecting buildings, institutions, electoral centers and storage centers.
The burning of the electoral stores, which coincided with the anniversary of the day that the gangs occupied the city of Mosul, represents a plot to strike the country and its democratic approach. We will take the necessary measures and strike with an iron fist on both sides. He has the same wish to destabilize the security of the country and its citizens.
Media Office of the Prime Minister
June 10, 2018
***************
ARTICLE 1-B (from PM Abadi's website; posted on both Arabic and English sides)
Prime Minister Dr. Haider Al-Abadi heads a meeting of the Higher Committee for Investment and Reconstruction
Prime Minister Dr. Haider Al-Abadi met with the Higher Committee for Investment and Reconstruction. During the meeting, they discussed the investment of the port of Faw, the offers and the time frames for its establishment and the completion of negotiations by the Negotiating Committee to choose one of the offers.
The committee also discussed the draft of the army channel and approved the two books of the Ministry of Planning on the subject and instruct the National Investment Authority to grant an investment license to start the project immediately.
The committee discussed the completion of the Karbala refinery and approved the plan of the Ministry of Oil for funding.
Also discussed were the implementation of a number of other projects in the field of investment and reconstruction in line with the requirements of the next stage.
Media Office of the Prime Minister
June 10, 2018
***************
ARTICLE 2-A
Tweet posted on Government of Iraq twitter account:
Government of IraqVerified account @IraqiGovt 6-10-2018, around 7 am Eastern
Residents of Mosul and other liberated areas celebrate the month of Ramadan in freedom and safety following the defeat of Daesh and their eviction from Ira
Government of IraqVerified account @IraqiGovt 6-10-2018, around 11:30 am Eastern
Iraq’s Defence Minister attends meeting of the @coalition in Brussels. The @IraqiGovt is working with our 74 partners in the @coalition to dismantle Daesh networks, deny it a safe haven and counter its violent extremist propagand
***************
ARTICLE 2-B
Tweet posted on PM Abadi twitter account:
- PM Al-Abadi chairs a meeting of the High Committee for Investment and Reconstruction
*************
ARTICLE 3
"I will not be involved in a civil war," Sadr said
2018/6/11 10:08
[Ayna-Baghdad]
The leader of the Sadrist movement, Moqtada al-Sadr, warned on Monday of the seriousness of the situation in Iraq after the burning of the warehouses of the Electoral Commission.
The head of the Sadrist movement published a message warning of the gravity of the situation in Iraq and the "beginning of civil war," the source said.
The text of Sadr's message entitled [Iraq is in danger]:
"I Asthalfkm God Asthlfkm blood of the martyrs Astahlfkm cries of the Shkhali Isthlfkm Bahat of prisoners Asthlfkm crying children Asthlfkm Iraq Iraq Isthlfkm Iraq's sanctities
I ask you for the pains of the poor, I will replace you with the hungry, I will replace you with the sorrows of the workers.
Iraq is wounded, Iraq is still wounded did not heal Iraq need to cooperate and unite Your Iraq is still full of the poor, the oppressed, the orphans, the wounded, the bereaved, the widows, the elderly, the destitute and the disabled.
You have no water, no electricity, no agriculture, no industry, no money, no infrastructure, no services, no good environment, no safe borders, and enemies. You will get it from all over Iraq. The Baath's fingerprints, oppression and dictatorship are still clear.
Iraq, Iraq, the prophets, the prophets, the great scientists, the great thinkers, the intellectuals and the intellectuals.
Vkafkm struggle for seats and positions and gains and influence, power and governance.
Is it time to stop occupation and external influence? Is it time to stop bombings, bombings and terrorism? Is it time to stop conflicts and assassinations? Is it time for Iraq to join us with honor, chastity, brotherhood and peace? Is it time for us to stand for construction and reconstruction instead of burning the ballot boxes or re-election from a seat or two? Is it time to disarm and hand it over to the state rather than to store it in mosques and Husseiniya and blow up the lives of innocents? Or is it time to take care of our money and our rights and do our duties towards the homeland and love of the homeland of faith?
How long will Iraq remain in the bottom of fear and lack of funds and souls? How long will some remain subjugated to the will of the alien and those behind the border?
Ah, Iraq, I wish to see you safe and well respected Ghanma .. Do I see you ?! Oh, Iraq .. I wish to see the people enjoy the benefits of safe, ah, Iraq .. I wish to see the youth energies to differentiate to adopt the nation with all tender and loving and not greedy
If Iraq were to come back someday, I would tell him what he did, so that Iraq would come back one day and tell him what the occupation and terrorism did
.. Iraq I had the tent of Iraq I had an Iraqi father was my father Iraq I had a candle lit my way to burn it? So I am a fool Iraq, I have a certain Vaanni after God and victory for reform .. This is the will of the people
But not to be as wanted by the sellers of two-thirds of Iraq the beginning of civil war .. No I will not be a party, I said: Take positions and gains and the homeland
"I will not sell the homeland for the seats and I will not sell the people for the sake of power. Iraq cares about me, but I have fewer positions than Afta Anz."
*************
ARTICLE 4
Declaration of the formation of the Green Climate Fund in Iraq
2018/6/10 12:36
[Ayna-Baghdad]
The Ministry of Health and Environment announced the formation of the National Green Climate Fund (NDA) in Iraq.
"The agency's announcement came in cooperation with the United Nations Environment Program (UNEP) and the use of international funding mechanisms to address the serious challenges facing Iraq," the ministry said in a brief statement.
Iraq suffers a crisis of drought and desertification unprecedented in its history because of government neglect and abuses in the agricultural land, orchards and converted into residential, like random, in addition to the scarcity of rains and cut the neighboring countries [Iran and Turkey] of the tributaries and rivers towards Iraq,
*************
ARTICLE 5
$ 3500 for flu at the University of St. Louis
NEW YORK (Reuters) - June 9 - The University of St. Louis has turned a 24-room hotel into a research center that seeks to deliberately expose its "guests" to flu viruses to test new vaccines against the disease.
"Human challenge studies are a way to get a lot more information faster, with fewer volunteers and less expensive than conventional vaccine studies," said Dr. Daniel Hauft in a statement issued by the university.
Volunteers receive $ 3,500 and to make the challenge more attractive, the university says the 24 volunteers will receive 24-hour care by a dedicated team of nurses, with facilities such as television, the Internet and private bathrooms.
Common areas offer comfortable chairs, social networking areas, reading or watching TV, according to CNS Sacramento.
Each guest will be given the flu vaccine or placebo before starting his stay, and then he will get a dose of flu through the nose, an
No comments:
Post a Comment